---
title: "Reporting Package | Altss Glossary"
description: "A reporting package is the set of periodic reports a manager provides to LPs, typically including performance, NAV, portfolio updates, and financial…"
canonical: "https://altss.com/glossary/reporting-package"
---

Reporting & Governance

# Reporting Package

Publisher: Altss LLCPublished 2026-01-01Content modified 2026-01-06

A reporting package is the set of periodic reports a manager provides to LPs, typically including performance, NAV, portfolio updates, and financial statements.

**Allocator relevance:** **A major trust driver—reporting quality determines monitoring efficiency and operational confidence.**

### Expanded Definition

Reporting packages vary by strategy but often include: quarterly letters, performance metrics (IRR/TVPI/DPI), portfolio company summaries, valuation notes, capital account statements, and risk commentary. High-quality reporting is consistent, timely, and evidence-backed; weak reporting is late, vague, or inconsistent.

For allocators, reporting is part of the product: it affects governance, audit readiness, and the ability to manage pacing and re-ups.

### How It Works in Practice

Managers and administrators compile reports quarterly; auditors provide annual financial statements. LPs use reporting to update internal dashboards, monitor risk, and prepare IC updates.

### Decision Authority and Governance

Governance sets reporting requirements in the LPA and side letters. LPAC may intervene when reporting is delayed or unclear.

### Common Misconceptions

- Reporting quality doesn’t affect performance.

- Quarterly is always enough (strategy-dependent).

- A glossy report equals transparency.

### Key Takeaways

- Reporting quality is a diligence and monitoring signal.

- Timeliness and consistency matter.

- Tie reporting back to mandate, risk, and cash flow planning.

## Related terms

[Capital Account Statement](https://altss.com/glossary/capital-account-statement)[NAV (Net Asset Value)](https://altss.com/glossary/nav)[DDQ](https://altss.com/glossary/ddq)[Operational Due Diligence (ODD)](https://altss.com/glossary/operational-due-diligence)

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